Understand how to establish an internal control system for Federal government contractors.
Many companies doing business with the federal government or looking to start, don't fully understand the many rules and regulations that come with federal contracts. Many of these companies struggle to implement the proper internal controls to ensure compliance and avoid audit pitfalls. This topic helps the persons responsible for compliance to understand how to establish an internal control system for federal government contractors. The material explains the unique challenges with that come with different contract types.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Characteristics of the Federal Marketplace
- Agencies
- Spending
Acquisition Process and Contract Types
- Market Research and Requirements Definitions
- Cost Plus vs. Firm Fixed Price Contracting
Regulatory Environment
- Federal Acquisition Regulations (FAR)
- Key Far Statutes
- Agency Supplements
- Cost Accounting Standards (CAS)
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 26, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Anthony Kim
Capital Edge Consulting
- Managing director, Capital Edge Consulting
- Almost 20 years of experience in cost accounting and compliance issues related to federal government contracts
- Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, Contractor’s Business System Requirements, and Auditing Standards
- Teaches public and in-house training classes, seminars and workshops through multiple organizations on topics relating to Contractor Business Systems, Cost Accounting Standards, Indirect Rate Structures, and other cost accounting and compliance topics in government contracting
- B.S. degree, in accounting, George Mason University
- Member of the Institute of Management Accounting, the National Contract Management Association, and the National Defense Industry Association Contract Finance Committee
- Can be contacted at [email protected] or 703-919-5927
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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